France in the World Economy

• General characteristics of economy• France’s leading corporations• Industry• France's Agriculture• External Trade

• Nominal GDP (2012): $2.886 trillion USD (5th) • GDP per capita (Nominal) : $41,141 (2012) (5th)

GDP by sector:

agriculture (1.9%), industry (18.3%), services (79.8%)

Main industries:

• machinery, chemicals, automobiles, metallurgy, aircraft, electronics;

• textiles, food processing; • tourism

• It has the second-largest economy in Europe (behind its main economic partner Germany) in nominal figures, based on the dynamic industrial structure of the French economy.

• OECD is headquartered in Paris, the nation's financial capital.

• Total population (2014) - 63.95 mln• Unemployment(December 2013) -10.5%• Labour force - 29.62 million (2012 )• Labour force by occupation:

services (71.8%) industry (24.3%)agriculture (3.8%)

France's world leading corporations

• With 31 of the 500 biggest companies of the world in 2013, France ranks 5th in the Fortune Global 500, behind the USA, China, Japan and the UK.

• Paris is the second most important location in the world for the headquarters of the world's 500 largest companies

Leading companies in France

• AXA• L’Oreal• Air- France• LVMH• Michelin• Areva• Danone

Industry

The leading industrial sectors in France:• telecommunications (including

communication satellites), • aerospace and defense, • ship building (naval and specialist ships),

pharmaceuticals,• construction and civil engineering, chemicals,

textiles, and automobile production.

Energy

• France is the world-leading country in nuclear energy, home of global energy giants Areva, EDF and GDF Suez: nuclear power now accounts for about 78% of the country's electricity production, up from only 8% in 1973, 24% in 1980, and 75% in 1990.

In 2006 electricity generated in France amounted to 548.8 TWh, of which:[

• 428.7 TWh (78.1%) were produced by nuclear power generation• 60.9 TWh (11.1%) were produced by hydroelectric power generation• 52.4 TWh (9.5%) were produced by fossil-fuel power generation

– 21.6 TWh (3.9%) by coal power– 20.9 TWh (3.8%) by natural-gas power– 9.9 TWh (1.8%) by other fossil fuel generation (fuel oil and gases by-

products of industry such as blast furnace gases)• 6.9 TWh (1.3%) were produced by other types of power generation

(essentially waste-to-energy and wind turbines)– The electricity produced by wind turbines increased from 0.596 TWh in

2004, to 0.963 TWh in 2005, and 2.15 TWh in 2006, but this still accounts only for 0.4% of the total production of electricity (as of 2006).

France's agriculture

• France is the world's sixth-largest agricultural producer and EU's leading agricultural power, accounting for about one-third of all agricultural land within the EU.

• Northern France is characterized by large wheat farms.

• Dairy products, pork, poultry, and apple production are concentrated in the western region.

• Beef production is located in central France, while the production of fruits, vegetables, and wine ranges from central to southern France.